Golden rules for best managing savings when markets are jittery



Managing one's savings at this time is certainly not easy. Investors face problems, doubts and difficulties-the problem is that, at this point, getting out of the markets could serve only to monetize at a certain loss. But how is it best to move to this? That question was answered by ING, which gave a set of simple rules for savers to follow.

Golden rules for best managing savings when markets are jittery

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The ECB and Fed, but also the other central banks, are continuing to raise rates. What they have undertaken is a real fight against inflation, which has become a priority. The risk is to send the economy into recession. Dragging all workers' savings into the vortex that has been triggered. Unfortunately, however, inflation does not seem to be hinting at decreasing: just to get an idea just think that in September it touched 10 percent in the euro zone, while in the United States in August it stood at 8.5 percent. Add to that the energy crisis, which weighs on the overall picture. What all this brings: stock markets are in the red, while bond yields are rising.

Useful, at this point, is to follow some rules to avoid going short.




Plan for the future of your savings

It is always important and crucial to plan for the future, so as not to be overwhelmed by panic. Especially when there are times of greatest uncertainty. Planning should be done logically and methodically, but above all it should take into account the investment goals you have set for yourself.




Set the course. And maintain it

To save your savings, you need to keep your nerve when investing. One of the worst enemies of investment choices is precisely emotionality: this can lead you to inconsistent behavior, but more importantly, it may not fit the goals you set. The moment there is a long-term horizon, a passing turbulence will not frustrate your efforts.

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You need to diversify

Diversification is, without a doubt, one of the golden rules of any kind of investment. One should never concentrate and should not confuse diversification with betting. It is important to spread risk across multiple assets so that the savings invested can be affected by different factors.




Time is also precious for savings

It is necessary to establish the right time horizon for each type of investment. Having a portfolio that is well planned leads to reduced volatility and expresses its value over time.




Risk also has its value

The most complex situations can hide interesting opportunities. It is always good to remember that return and risk are, fundamentally, two sides of the same coin.

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Sources must be verified

Every single piece of information you receive must be verified. To protect your savings, you should not blindly trust everything you read. Especially if you find it online and the source is not certified as reliable. You should always refer to official releases and documents. Or authoritative sources of information.




Your savings should not follow the herd

Always remember one rule: each individual has his or her own goals and sensibilities. Investments that are good for one saver may not be suitable for another. Avoid, therefore, the so-called herd effect.




Control investments, but don't overdo it

One's financial position should be checked regularly, at any time. It is important to check that your financial planning is in line with the goals you set for yourself, but do not get anxious. If the markets are going badly, there is no point in checking your investments all the time.




Help from technology

Tools that can help you stay constantly informed and in touch with your financial advisor are increasing. Use them without hesitation.

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Choose the right driver for your savings

When it comes to savings, DIY is not recommended. It is best to seek the advice of a professional who can guide you in choosing your investments.